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VTB allocated 100 m roubles to support milk production in Kabardino-Balkaria

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VTB Bank provided the loan of 100 m roubles to the Nalchik Milk Factory (the Kabardino-Balkarian Republic) within the preferential loan programme of the Ministry of Agriculture. the company will receive the financial support for one year, as informed by the press-centre of the bank

Interest rate will comprise no more than 5%.

Additional sources were attracted due to seasonal alteration in raw milk purchase, explained Mr Shamsudin Yakubov, General Director of the milk factory. Owing to the loan the company expects to establish continuous production.

Nalchik Milk Factory was founded in 2002 and is among the major companies of the Republic. It produces more than 200 varieties of dairy products.

Source: TASS


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